# TERADYNE, INC. (TER) FY2025 Annual P&L / Income Statement - Company: TERADYNE, INC. (TER) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-02-19, accession number 0001193125-26-059002 - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/ter-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue and costs use their disclosed categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Product revenue**: 2,660,190,000 US dollars - **Service revenue**: 529,834,000 US dollars - **Product cost of revenue**: 1,136,026,000 US dollars - **Service cost of revenue**: 196,653,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Point in Time**: 2,763,951,000 US dollars - **Over Time**: 426,073,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Geography (3 categories) - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-geography-3-categories - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-geography-3-categories-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Americas**: 425,506,000 US dollars - **Europe, Middle East and Africa**: 224,180,000 US dollars - **Asia Pacific**: 2,540,338,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment by Acquired Business - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-business-segment-by-acquired-business - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-business-segment-by-acquired-business-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Segments by Business Combination. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Product Test**: 357,985,000 US dollars - **Robotics - Universal Robots (UR)**: 308,295,000 US dollars - **Semiconductor Test - IST**: 129,156,000 US dollars - **Semiconductor Test - Memory**: 504,903,000 US dollars - **Semiconductor Test - System on-a-Chip**: 1,889,685,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Semiconductor Test**: 2,523,744,000 US dollars - **Robotics**: 308,295,000 US dollars - **Product Test**: 357,985,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Robotics**: 308,295,000 US dollars - **Semiconductor Test**: 2,523,744,000 US dollars - **Product Test - Point in Time**: 282,252,000 US dollars - **Product Test - Over Time**: 75,733,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Geography (11 categories) - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-geography-11-categories - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-geography-11-categories-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography (11 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **TAIWAN**: 1,155,195,000 US dollars - **CHINA**: 451,294,000 US dollars - **KOREA, REPUBLIC OF**: 446,297,000 US dollars - **UNITED STATES**: 360,892,000 US dollars - **Europe**: 215,432,000 US dollars - **MALAYSIA**: 107,366,000 US dollars - **SINGAPORE**: 95,225,000 US dollars - **PHILIPPINES**: 92,515,000 US dollars - **THAILAND**: 67,646,000 US dollars - **JAPAN**: 65,623,000 US dollars - **Rest Of The World**: 132,539,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/ter/fy2025-annual-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/ter-fy2025-annual-revenue-by-business-segment-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 3,190,024,000 US dollars - **Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)**: 1,332,679,000 US dollars - **Gross profit**: 1,857,345,000 US dollars - **Total operating expenses**: 1,207,294,000 US dollars - **Income from operations**: 650,051,000 US dollars - **Other income (expense), net (calculated)**: 3,209,000 US dollars - **Income before income taxes and equity in net earnings of affiliate**: 653,260,000 US dollars - **Income tax provision**: 79,299,000 US dollars - **Net income**: 554,047,000 US dollars - **Robotics**: 308,295,000 US dollars - **Semiconductor Test**: 2,523,744,000 US dollars - **Product Test - Americas**: 208,441,000 US dollars - **Product Test - Asia Pacific**: 114,766,000 US dollars - **Product Test - Europe, Middle East and Africa**: 34,778,000 US dollars - **Selling and administrative**: 648,874,000 US dollars - **Engineering and development**: 504,596,000 US dollars - **Acquired intangible assets amortization**: 15,270,000 US dollars - **Restructuring and other**: 38,554,000 US dollars - **Gain on sale of business**: 0 US dollars - **Equity in net earnings of affiliate**: negative 19,914,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.